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Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (13756)	1/20/1998 2:57:00 PM
From: Mark L.	Respond to of 18263

"[Montgomery]...showed a board with their rec's and none of them were what I call code conversion companies. Companies mentioned were companies like Oracle and PeopleSoft..." This sounds like a shift from their earlier position. In their 9/77 report they recommended shifting from an overweighted to underweighted position in Oracle and PeopleSoft in 1998. Their reasoning was that enterprise application systems take so long to install that buying new ones as a Y2K solution would become less of an option for companies as 2000 approached. They also felt that IT budgets would become constrained by Y2K work, which would cut into money available for enterprise-application vendors. The reason Montgomery may not have listed Zitel is that, to my knowledge, they don't follow it. The Y2K software companies they follow are Peritus, Viasoft, Crystal Systems, SEEC, TSR, and Accelr8. Obviously what companies an outfit like Montgomery follows is heavily influenced by where they think they can pick up investment banking business.